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Buck Hartzell

๐Ÿ‘ค Speaker
219 total appearances

Appearances Over Time

Podcast Appearances

Motley Fool Money
Advocate for a Better 401(k) and Tax-Smart Charitable Giving

I know that's something that a lot of companies do now and auto escalation.

Motley Fool Money
Advocate for a Better 401(k) and Tax-Smart Charitable Giving

That's something to help if you have

Motley Fool Money
Advocate for a Better 401(k) and Tax-Smart Charitable Giving

I'll say a non-engaged workforce where you don't have a high participation rate.

Motley Fool Money
Advocate for a Better 401(k) and Tax-Smart Charitable Giving

That's a nice feature to add.

Motley Fool Money
Advocate for a Better 401(k) and Tax-Smart Charitable Giving

It doesn't cost anything.

Motley Fool Money
Advocate for a Better 401(k) and Tax-Smart Charitable Giving

And then the other thing is to think about, well, do we have a match as a company?

Motley Fool Money
Advocate for a Better 401(k) and Tax-Smart Charitable Giving

So are we matching participants and giving them an incentive to contribute?

Motley Fool Money
Advocate for a Better 401(k) and Tax-Smart Charitable Giving

Typical range is 4% to 6% in the match range there.

Motley Fool Money
Advocate for a Better 401(k) and Tax-Smart Charitable Giving

And then do you have things like a Roth 401k?

Motley Fool Money
Advocate for a Better 401(k) and Tax-Smart Charitable Giving

Now, that's probably less companies that have something like that, but it's growing in popularity.

Motley Fool Money
Advocate for a Better 401(k) and Tax-Smart Charitable Giving

We've had that for a long time.

Motley Fool Money
Advocate for a Better 401(k) and Tax-Smart Charitable Giving

If you don't know what that is, well, you can look it up and read about it.

Motley Fool Money
Advocate for a Better 401(k) and Tax-Smart Charitable Giving

Robert's written about it a lot.

Motley Fool Money
Advocate for a Better 401(k) and Tax-Smart Charitable Giving

And then also think about what is our participation in the plan?

Motley Fool Money
Advocate for a Better 401(k) and Tax-Smart Charitable Giving

Because I think that does give some insight.

Motley Fool Money
Advocate for a Better 401(k) and Tax-Smart Charitable Giving

You know, Robert, I think The Motley Fool is generally over 95%.

Motley Fool Money
Advocate for a Better 401(k) and Tax-Smart Charitable Giving

participation rate in our plan.

Motley Fool Money
Advocate for a Better 401(k) and Tax-Smart Charitable Giving

We have a lot of people that max out.

Motley Fool Money
Advocate for a Better 401(k) and Tax-Smart Charitable Giving

And just asking those kind of questions of the people who are responsible for administering it operationally, which is usually in the HR department, could generate some interesting discussions, right?

Motley Fool Money
Advocate for a Better 401(k) and Tax-Smart Charitable Giving

So that gets to some of the features that you have there.